Malibu Boats, Inc. (NASDAQ:MBUU) Given Average Recommendation of “Hold” by Analysts

Malibu Boats, Inc. (NASDAQ:MBUU) has earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $42.83.

MBUU has been the subject of several research analyst reports. StockNews.com upgraded shares of Malibu Boats from a “sell” rating to a “hold” rating in a report on Friday, February 14th. Truist Financial raised their price objective on Malibu Boats from $34.00 to $38.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Benchmark reissued a “buy” rating and issued a $44.00 target price on shares of Malibu Boats in a report on Tuesday, February 4th. B. Riley upgraded Malibu Boats to a “hold” rating in a research note on Wednesday, February 12th. Finally, Robert W. Baird lifted their target price on shares of Malibu Boats from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, November 1st.

Malibu Boats Stock Performance

Shares of MBUU stock opened at $36.11 on Thursday. The company has a market cap of $709.02 million, a P/E ratio of -8.30 and a beta of 1.33. The firm has a fifty day moving average price of $37.30 and a 200 day moving average price of $38.79. The company has a current ratio of 1.52, a quick ratio of 0.45 and a debt-to-equity ratio of 0.04. Malibu Boats has a 12 month low of $30.20 and a 12 month high of $47.82.

Malibu Boats (NASDAQ:MBUU) last posted its earnings results on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). Malibu Boats had a positive return on equity of 1.04% and a negative net margin of 12.09%. Sell-side analysts predict that Malibu Boats will post 1.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Malibu Boats

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC increased its position in Malibu Boats by 31.6% during the 3rd quarter. SG Americas Securities LLC now owns 5,212 shares of the company’s stock worth $202,000 after purchasing an additional 1,252 shares during the period. Creative Planning purchased a new position in Malibu Boats in the third quarter worth $223,000. Allspring Global Investments Holdings LLC lifted its holdings in Malibu Boats by 37.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 114,525 shares of the company’s stock valued at $4,445,000 after acquiring an additional 31,026 shares during the period. US Bancorp DE boosted its position in shares of Malibu Boats by 851.7% during the 3rd quarter. US Bancorp DE now owns 5,434 shares of the company’s stock worth $211,000 after purchasing an additional 4,863 shares in the last quarter. Finally, Chartwell Investment Partners LLC acquired a new position in shares of Malibu Boats during the 3rd quarter worth $3,132,000. 91.35% of the stock is currently owned by hedge funds and other institutional investors.

Malibu Boats Company Profile

Malibu Boats, Inc designs, engineers, manufactures, markets, and sells a range of recreational powerboats. It operates through three segments: Malibu, Saltwater Fishing, and Cobalt. The company provides performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brands.